Perps
DeFi perpetuals are decentralized derivatives that enable traders to speculate on cryptocurrency prices with leverage without expiration dates. Unlike traditional futures, perpetuals use funding mechanisms to maintain price convergence with spot markets. These protocols operate on smart contracts, eliminating the need for centralized intermediaries and providing permissionless access to leveraged trading across multiple blockchain networks.
Aster
Aster is a next-generation decentralized perpetual exchange offering multi-chain, liquid, and secure trading. Trade perpetuals across multiple chains with deep liquidity aggregation, hidden orders, and zero price impact trades.
Hyperliquid
Hyperliquid is a decentralized perpetual exchange with best-in-class speed, liquidity, and price. Trade crypto in one click, without wallet approvals.
Liquid
Liquid is a non-custodial perp DEX aggregator that brings multiple onchain venues into a single interface. Trade 500+ perpetual markets across crypto, stocks, commodities, and forex, and manage positions, risk, and yield without switching exchanges.
dYdX
dYdX is a trading platform for crypto assets, built with open-source protocols, enabling decentralized margin trading. dYdX - Decentralized Platform for Advanced Financial Products, interview with Antonio Juliano